Core Viewpoint - The company reported significant revenue growth in the first half of 2025, driven by increased sales orders for wind turbine products, although it faced a net loss [1] Financial Performance - The company achieved operating revenue of 2.664 billion yuan, representing a year-on-year increase of 118.61% [1] - The net profit attributable to the parent company was -279 million yuan, indicating a loss [1] - The basic earnings per share were -0.21 yuan [1] Sales Performance - The increase in operating revenue was primarily due to a substantial rise in the sales volume of wind turbine products compared to the previous year [1]

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海电气风电集团股份有限公司 股东会 2025 年第一次临时会议的法律意见书 致：上海电气风电集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受上海电气风电集团股份 有限公司（以下简称"公司"）的委托，指派本所律师出席公司股东会 2025 年第 一次临时会议（以下简称"本次会议"），并根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）以及《上海电气风电集团股 份有限公司章程》（以下简称"《公司章程》"）的规定出具本法律意见书。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国（为出具本 法律意见书之目的，本法律意见书中的"中国"仅指中国大陆地区，不包括香港特 别行政区和澳门特别行政区及台湾地区）现行法律、法规及规范性文件发表法律 意见。 本所同意将本法律意见书作为公司本次会议公告的法定文件，随公司其他公 告一并提交上海证券交易所审查并予公告。 在本法律意见书中，本所律师仅对本次会议的召集和召开程序、出席会议人 ...

Growth - Shudao Equipment reported a net profit of 10.15 million yuan in the first half of the year, a year-on-year increase of 5972.30% [1] - Aerospace Science and Technology achieved a net profit of 88.97 million yuan, up 2161.91% year-on-year [1] - Tianbao Infrastructure's net profit reached 118 million yuan, growing by 2106.58% year-on-year [1] - Northern Rare Earth reported a net profit of 931 million yuan, an increase of 1951.52% year-on-year [1] - Liugang Co., Ltd. posted a net profit of 36.8 million yuan, up 579.54% year-on-year [1] - Cheng Tian Wei Ye's net profit was 10.88 million yuan, increasing by 562.05% year-on-year [1] - Perfect World reported a net profit of 503 million yuan, a year-on-year increase of 384.52% [1] - Shenghong Technology achieved a net profit of 2.143 billion yuan, up 366.89% year-on-year [1] - Zhongke Magnetic Industry's net profit was 20.90 million yuan, increasing by 271.78% year-on-year [1] - Xinjiang Communications Construction reported a net profit of 255 million yuan, up 255.25% year-on-year [1] - Shennong Group achieved a net profit of 388 million yuan, a year-on-year increase of 212.65% [1] - Daikin Heavy Industries reported a net profit of 547 million yuan, up 214.32% year-on-year [1] - Fostar's net profit was 251 million yuan, increasing by 140.45% year-on-year [1] - Guohua Airlines achieved a net profit of 1.24 billion yuan, up 86.15% year-on-year [1] - China Electric Port reported a net profit of 181 million yuan, increasing by 64.98% year-on-year [1] - Ailisi's net profit was 1.051 billion yuan, up 60.22% year-on-year [1] - Zijin Mining reported a net profit of 23.292 billion yuan, a year-on-year increase of 54.41% [1] - Zhongke Chuangda achieved a net profit of 158 million yuan, up 51.84% year-on-year [1] - Sichuan Gold reported a net profit of 209 million yuan, increasing by 48.41% year-on-year [1] - Dongxing Securities achieved a net profit of 819 million yuan, up 42.12% year-on-year [1] - Fosun Pharma reported a net profit of 1.702 billion yuan, a year-on-year increase of 38.96% [1] - Kotec Power's net profit was 23.99 million yuan, increasing by 35.52% year-on-year [1] - Dongshan Precision reported a net profit of 758 million yuan, up 35.21% year-on-year [1] - Inspur Information achieved a net profit of 799 million yuan, a year-on-year increase of 34.87% [1] - Shenzhen Huaqiang reported a net profit of 236 million yuan, increasing by 33.45% year-on-year [1] - Conch Cement achieved a net profit of 4.368 billion yuan, up 31.34% year-on-year [1] - Jiuzhoutong reported a net profit of 1.446 billion yuan, increasing by 19.7% year-on-year [1] - Aofei Data achieved a net profit of 87.89 million yuan, a year-on-year increase of 16.09% [2] Decline and Loss - Huachang Chemical reported a net profit of 1.09 million yuan, a year-on-year decrease of 97.58% [2] - Meibang Apparel achieved a net profit of 993,030 yuan, down 87.07% year-on-year [2] - Toukeng Life reported a net profit of 275,930 yuan, a decrease of 58.41% year-on-year [2] - BlueFocus reported a net profit of 96.44 million yuan, down 47.33% year-on-year [2] - China Gold achieved a net profit of 31.9 million yuan, a decrease of 46.35% year-on-year [2] - Huaxi Biological reported a net profit of 22.1 million yuan, down 35.38% year-on-year [2] - Zhejiang New Energy achieved a net profit of 29.2 million yuan, down 34.65% year-on-year [2] - Hainan Mining reported a net profit of 28.1 million yuan, a decrease of 30.36% year-on-year [2] - Changying Precision achieved a net profit of 30.6 million yuan, down 29.37% year-on-year [2] - China Duty Free reported a net profit of 2.6 billion yuan, down 20.81% year-on-year [2] - Jiangling Motors achieved a net profit of 73.3 million yuan, down 18.17% year-on-year [2] - Donghua Software reported a net profit of 24.4 million yuan, down 15.78% year-on-year [2] - Hengda New Materials achieved a net profit of 3.4235 million yuan, down 12.68% year-on-year [2] - Yaoji Technology reported a net profit of 25.6 million yuan, down 9.98% year-on-year [2] - Ping An Insurance achieved a net profit of 68.047 billion yuan, down 8.8% year-on-year [2] - China Petroleum reported a net profit of 840.07 billion yuan, down 5.4% year-on-year [2] - 360 reported a net loss of 28.2 million yuan [2] - Electric Wind Power reported a net loss of 27.9 million yuan [2] Losses - Suzhou Keda reported a net loss of 21.7 million yuan [3] - Yuntian Lifa achieved a net loss of 20.6 million yuan [3] - Kosen Technology reported a net loss of 10.5 million yuan [3] - Xinyada reported a net loss of 5.2635 million yuan [3] - Chengfei Integration achieved a net loss of 1.49208 million yuan [3] - China Film reported a net loss of 11 million yuan, turning from profit to loss year-on-year [3]

Core Viewpoint - Shanghai Electric Wind Power Group Co., Ltd. reported significant growth in revenue and a reduction in losses for the first half of 2025, driven by increased sales of wind turbine products and effective cost control measures [2][3]. Company Overview and Financial Indicators - The company achieved an operating revenue of approximately 2.66 billion RMB, representing a year-on-year increase of 118.61% [2]. - The total profit for the period was a loss of approximately 202.78 million RMB, an improvement from a loss of 403.29 million RMB in the same period last year [2]. - The net profit attributable to shareholders was a loss of approximately 278.92 million RMB, compared to a loss of 386.81 million RMB in the previous year [2]. - The net cash flow from operating activities increased significantly to approximately 216.69 million RMB, a turnaround from a negative cash flow of over 2.53 billion RMB in the previous year [2][3]. Industry and Main Business Situation - The wind power industry is experiencing a shift towards market-oriented reforms, with policies encouraging renewable energy projects to participate in electricity market transactions [4][5]. - As of June 2025, the cumulative installed capacity of wind power in China reached approximately 570 million kW, with a year-on-year growth of 22.7% [5]. - The company focuses on wind power equipment design, research and development, manufacturing, and sales, covering a range of products from 5MW to 16MW for both onshore and offshore applications [6]. Business Operations and Market Strategy - The company employs a bidding process to secure project orders and utilizes a customized production approach based on sales forecasts [6]. - The company has seen a significant increase in overseas orders, with a total of 5,386.95 MW of new orders, marking a 68.50% increase year-on-year [9]. - The company is enhancing its service offerings, focusing on high-quality service orders in areas such as maintenance and technical upgrades [9]. Technological Development and Innovation - The company is committed to technological innovation, focusing on the development of high-reliability products and smart technologies to enhance customer satisfaction and operational efficiency [8][16]. - The company has established multiple research and development centers and collaborates with leading universities to strengthen its technological capabilities [15]. - Recent advancements include the development of new offshore products and improvements in blade technology, enhancing the efficiency and reliability of wind turbines [20]. Competitive Advantages - The company has built a comprehensive product system and maintains a leading position in the offshore wind power sector in China, with a cumulative installed capacity that has been the highest in the country for ten consecutive years [19]. - The company’s core technologies include advanced design capabilities for wind turbines and a strong focus on digital and intelligent production processes [16].

Core Viewpoint - Shanghai Electric Wind Power Group Co., Ltd. reported significant growth in revenue for the first half of 2025, with a year-on-year increase of 118.61%, while facing a net loss [1][2]. Financial Summary - Total assets increased to CNY 32.28 billion, up 10.51% from the previous year [2]. - Net assets attributable to shareholders decreased to CNY 4.84 billion, down 5.28% from the previous year [2]. - Operating revenue reached CNY 2.66 billion, compared to CNY 1.22 billion in the same period last year [2]. - Total profit was reported at a loss of CNY 202.78 million, an improvement from a loss of CNY 403.29 million in the previous year [2]. - Net profit attributable to shareholders was a loss of CNY 278.92 million, compared to a loss of CNY 386.81 million in the same period last year [2]. - The net cash flow from operating activities was CNY 216.69 million, a significant recovery from a negative cash flow of CNY 2.53 billion in the previous year [2]. - The weighted average return on equity improved to -5.61%, up 1.21 percentage points from -6.82% [2]. - Basic and diluted earnings per share were both reported at -CNY 0.21, an improvement from -CNY 0.29 in the previous year [2]. - Research and development expenses accounted for 8.98% of operating revenue, down 7.49 percentage points from 16.47% [2]. Shareholder Information - The total number of shareholders as of the report date was 29,871 [4]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 61.40% of the shares [4]. - Other notable shareholders include individual investors and foreign entities, with the top ten shareholders holding a combined significant portion of the company [4].

（四） 关于议案表决的有关情况说明 证券代码：688660 证券简称：电气风电 公告编号：2025-029 上海电气风电集团股份有限公司 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 8 月 26 日 （二） 股东会召开的地点：上海市徐汇区漕宝路 115 号公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 普通股股东人数 547 普通股股东所持有表决权数量 835,481,861 普通股股东所持有表决权数量占公司表决权数量的比例（%） 62.6611 （四） 表决方式是否符合《公司法》及公司章程的规定，会议主持情况等。 本次会议由董事会召集，董事长乔银平先生主持。会议采取现场投票与网络 投票相结合的记名表决方式，符合《中华人民共和国公司法》和本公司章程的有 关规定。 （五） 公司董事、监事和董事会秘书的出席情况 未能出席本次会议； 能出席本次会议； ...

证券代码：688660 证券简称：电气风电 公告编号：2025-031 上海电气风电集团股份有限公司 关于参加 2025 年半年度科创板新能源行业 集体业绩说明会暨 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本次业绩说明会将于 2025 年 09 月 03 日（星期三）15:00-17:00，在上海证 券交易所上证路演中心（http://roadshow.sseinfo.com）以网络文字互动的方 式召开。 重要内容提示： ? 会议召开时间：2025年09月03日（星期三）15:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络文字互动 ? 投资者可于2025年08月27日(星期三)至09月02日(星期二)16:00前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 sewc_ir@shanghai-electric.com进行提问。公司将在本次业绩说明 ...

Fundraising Overview - The company raised a total of 533,333,400 shares at an issuance price of 5.44 RMB per share, resulting in net proceeds of approximately 2.80 billion RMB after deducting issuance costs [1][2] - As of June 30, 2025, the balance in the fundraising special account was 348,404,916.35 RMB, which includes bank interest after deducting fees [1][2] Fund Management - The company revised its fundraising management system to enhance the management and usage of raised funds, ensuring investor protection [1] - The company has established special accounts for fundraising in compliance with relevant laws and regulations, with oversight agreements signed with six commercial banks [1][2] Fund Usage in 2025 - The total amount of funds used for investment projects in the first half of 2025 was 0.40 billion RMB, with a cumulative investment of 24.96 billion RMB [2][3] - There were no significant changes in the total investment amount committed to fundraising projects, and the actual investment progress aligned with the planned investment [2][3] Changes in Fund Usage - The company changed the project "Post-Market Capability Enhancement Project" to "Investment in Customized Deep-Sea Operation and Maintenance Mother Ship Project," with a planned use of 287.58 million RMB [2][3] - The company canceled two sub-projects under the "Jiangsu Binhai Testing Base Project," reducing the investment amount by 89.76 million RMB, leaving a planned use of 448.51 million RMB for the project [2][3] Compliance and Reporting - The company strictly adheres to legal regulations and its fundraising management system, ensuring that the storage, usage, and management of raised funds are legal and effective [2][3] - All disclosed information regarding fundraising has been timely, truthful, accurate, and complete [2][3]

Core Viewpoint - The report evaluates the financial services provided by Shanghai Electric Group Finance Co., Ltd. to its parent company, Shanghai Electric Group Co., Ltd., and its subsidiaries, highlighting the company's financial health and risk management practices [1][10]. Group 1: Basic Information of Electric Finance - Shanghai Electric Group Finance Co., Ltd. was established in December 1995 and is regulated by the National Financial Supervision Administration [2]. - The registered capital of Electric Finance is RMB 3 billion, with Shanghai Electric Group Co., Ltd. holding a 74.625% stake [2]. - The company offers various financial services, including deposit acceptance, loan processing, and financial consulting [3]. Group 2: Internal Control System - Electric Finance has established a governance structure comprising a shareholder meeting, board of directors, supervisory board, and senior management to ensure clear responsibilities and effective decision-making [4]. - The company has implemented comprehensive internal control measures to mitigate operational risks, including specific management procedures for settlement and fund management [5][6]. Group 3: Financial Performance and Risk Management - As of June 30, 2025, Electric Finance reported total assets of RMB 75.595 billion, total liabilities of RMB 66.786 billion, and net assets of RMB 8.809 billion [8]. - The company achieved a capital adequacy ratio of 17.47%, significantly above the regulatory requirement of 10.5% [8]. - The average deposit balance from the parent company and its subsidiaries in Electric Finance was RMB 2.446 billion, accounting for 74.70% of their total deposits [8]. Group 4: Financial Services Impact - The interest rates for deposits and loans provided by Electric Finance are competitive compared to other financial institutions, positively impacting the parent company's operations [8]. - The company has not encountered any legal or regulatory violations in its business activities, indicating strong compliance with financial regulations [8][10]. Group 5: Ongoing Risk Assessment - The company will conduct semi-annual reviews of Electric Finance's audited financial reports to assess its operational qualifications and risk status [10]. - The report concludes that Electric Finance has effective risk management practices in place, ensuring the safety of financial services provided to the parent company and its subsidiaries [10].

证券代码：688660 证券简称：电气风电 公告编号：2025-030 上海电气风电集团股份有限公司 关于董事会完成换届选举 暨选举公司董事长、董事会专门委员会召集人、委员 以及聘任高级管理人员和证券事务代表的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会换届选举结果 公司于 2025 年 08 月 26 日召开股东会 2025 年第一次临时会议，本次会议选 举（以姓氏笔画为序）王勇先生、乔银平先生、陈术宇先生、吴改先生、董春英 女士为第三届董事会非独立董事；选举洪彬先生、蒋琰女士、蔡旭先生为第三届 董事会独立董事。以上 8 名董事同公司职工代表大会选举的由职工代表担任的董 事王红春女士一起组成第三届董事会。 以上董事的简历详见董事会于 2025 年 08 月 09 日在上海证券交易所网站 （www.sse.com.cn）上披露的《董事会换届选举的公告》 （公告编号：2025-024）。 二、董事长选举情况 根据公司章程的有关规定，第三届董事会于 2025 年 08 月 26 日召开第一次 会议，以记名投 ...